Soros Fund Management, George Soros' family office, has its own basket of cryptocurrencies, Soros Fund CEO, Dawn Fitzpatrick, told Bloomberg in an interview. While Fitzpatrick noted the fund has "not a lot" of coins, Soros Fund is more interested in spaces like decentralized finance (DeFi).
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"From our perspective again, we own some coins, not a lot, and the coins themselves are less interesting than the use use cases of DeFi and things like that," Fitzpatrick said.
She has also doubted that bitcoin (EXANTE: Bitcoin) is viewed on the market only as an inflation hedge given the size of a market capitalization. The largest cryptocurrency by market cap, according to Fitzpatrick, has crossed the chasm to mainstream.
Earlier this year, The Street reported, citing sources familiar with the matter, that George Soros' family office started trading bitcoins. According to the publication, Dawn Fitzpatrick gave green light to trade not only bitcoins, but also other cryptocurrencies.
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